Gold & Silver Rates in Pakistan

10 Dec, 2016 Gold Price in Pakistan - Gold price in global and domestic markets closed flat on technical ground besides trading activity remained future-speculation based as leading stakeholders made deals with manipulating future price during trading session. The Futures gold price would be firm as the metal was still in leading hands by November 2016, experts opined. Gold closed at $1,337 an ounce with $1 upward variation in value as compared to previous trading session and domestic bullion price witnessed same trend. Gold in tola term up by Rs 25 a tola to close at Rs 52,472 per tola while in grammage value, gold remained up by Rs 35 per ten grams to Rs 45,058 per ten grams, dealers said. Gold price remained in hands of leading manipulators in India, Pakistan and other major gold buying countries, as they remained busy influencing current prices and gold Futures. The gold hedgers made some cautious deals. The general buyers remained on sidelines anticipating further easing in price in coming days on dollar-rupee parity. Find live international gold bullion rates and its accurate converted prices in Pakistani rupees with different carats such as; 24K/Tola, 24K/10gm and 22K/Tola and 22K/10gm respectively. Also the association of Karachi Saraf Jeweler is manage and set gold rates for local market of Karachi, gold rates from Karachi Saraf Jewelers association are available in carat 24K/Tola, 24/10gm, and carat 22K/Tola, 22K/10gm and silver per 10/gm rates for different cities like Karachi, Islamabad, Lahore and Rawalpinidi on daily basis. Pakbiz.com is a platform where thousands of visitors reach this website and get authentic and real time updated gold rates data, and also PakBiz.com provides free gold prices SMS alerts on mobile phone for every gold subscriber through Twitter (pakbizgold). Read more

Gold 22K Carat Price in Pakistan - Gold eked out a new two-week high at 1358.05 in early New York trading, buoyed by diminished rate hike expectations and a weaker dollar. However, the yellow metal retreated into the range on hawkish FedSpeak from William Dudley and some better than expected U.S. economic data. NY Fed dove William Dudley said the market was under-pricing the likelihood of a Fed rate hike this year. Dudley said the Fed was getting closer to pulling the trigger and it could happen as soon as September, based on an expectation that the economy will be generally better in the second. The probability of a September rate hike based on Fed funds futures dutifully doubled to 18%, from 9% yesterday. Nonetheless, those are still pretty long odds. ( By Peter A. Grant).

Gold prices witnessed correction on future output outlook in the international and domestic market following a technical surge by $1 per ounce in international market.
According to gold dealers the bullion price in Karachi recorded Rs 21 per ten gram increase to Rs 39,525 per ten grams. Similarly gold prices in Lahore stood Rs 39,550 per ten grams, in Hyderabad it remained Rs 39,521 per ten grams and in Multan it stood around Rs 39,572 per ten grams, they said.
In rupee term per tola, gold up by Rs 33 per tola to stay at Rs 46,053 per tola, traders said.
Humayun Ahmad Mani, a dealer attributed the flatness in gold prices to the dull investment and demand by strong investors. He said fund managers pumped money into soft commodities.
He said gold would remain in range of $1,200 an ounce and the commodity in rupee term would stand around Rs 49,100 a tola.

Erum

Thu 08 Dec, 2016

could u plz give us detile is gold rate 24k axpected go down and apporxmtily how much is exected?

The gold price in domestic and international market witnessed downward correction as it traded in a tight band. Investors and hedgers did not make any big deal on reports of better output that may decide Futures of Gold and bottom-line price in days to come. Spot gold was quoted at $1,170 an ounce, when it dropped nearly $16 an ounce in thin trade. The correction in spot gold price also influenced general prices. Domestic bullion price witnessed downward trend. Gold in tola term down by Rs 637 per tola to close at Rs 45,918 per tola while in grammage value, gold remained dull by Rs 547 per ten grams to close at Rs 39,409 per ten grams. Trading was dull in the physical sector and buyers are waiting for gold to go further lower before coming out of output report. We can expect prices to be largely confined to a similar kind of range, said a trader.

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